Zumper
modified
22 Hours Ago

Highlights

  • Pet Friendly
  • Private entry
  • On street parking
  • Spacious 1 bedroom, 1 bathroom apartment

Location

509 W Franklin St, Elkhart, IN 46516, USA|West Central
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Contact

Management

MBSR Rentals LLC

Leasing office

(574) 383-5069

Property Overview

509 West Franklin St. offers a strong mix of value, amenities, and convenience, with an 8/10 overall Zumper Expert Rating, strong price and trustworthiness scores, and a 9/10 for both amenities and location. It features a private entry, on-street parking, and a spacious 1 bedroom, 1 bathroom layout, and it is noted as great for pet friendliness and social life thanks to outdoor space, nearby transit, walkable areas, and many restaurants and mixed-use spaces.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.6
Very Good
With a solid 8.6 out of 10 overall, 509 West Franklin St. is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 509 West Franklin St. has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Outdoor space
  • Pet friendly

Great for

  • Pet owners
  • Social life

Floor plans

1BR/1.0BA1 bed1 bath720 sqft$750 /mo1 unit availableApply now: https screen boompay app a N2idGoF6A7rhmz77wlCe For a limited time only, move in by January 31 and pay your deposit only! No rent due until 2/1/26! Welcome to our spacious 1 bedroom, 1 bathroom apartment located in Elkhart, IN. This upstairs unit offers a private entry for added convenience and on street parking for easy access. Enjoy the large shared yard perfect for outdoor activities or simply relaxing in the fresh air. The unit itself is roomy and comfortable, providing ample space for all your needs. Don't miss out on this fantastic opportunity to make this apartment your new home. Apply Today! Lease Terms - 1 Year Tenants will have the option to provide their own insurance policy BEFORE signing or purchase a provided policy through your resident portal. Failure to provide policy will result in Tenant being added to landlord policy with no belonging coverage. This is NOT optional. Deposit is to be placed within 24 hours after viewing the unit to hold it. Requirements** No evictions in the last 4 years Evictions over 4 years old cannot have a balance over $600.00 No collections with utility companies or management companies No rental history? No problem, At this point your deposit will vary based on credit score If you will have a pet ( cat or dog ) you are required to purchase renters insurance through your tenant portal

Let's explore this property.

Amenities for 509 West Franklin St.

Apartment Amenities

Private EntrySpacious Unit

Appliances

FridgeOven
RangeRefrigerator
Stove/Oven

Building

Cats OKDogs OK

Grounds

Large Shared YardOn Street Parking
Outdoor Space
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units3
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About 509 West Franklin St.

HomeApartments in ElkhartWest Central 509 West Franklin St.

Apply now: https screen boompay app a N2idGoF6A7rhmz77wlCe For a limited time only, move in by January 31 and pay your deposit only! No rent due until 2/1/26! Welcome to our spacious 1 bedroom, 1 bathroom apartment located in Elkhart, IN. This upstairs unit offers a private entry for added convenience and on street parking for easy access. Enjoy the large shared yard perfect for outdoor activities or simply relaxing in the fresh air. The unit itself is roomy and comfortable, providing ample space for all your needs. Don't miss out on this fantastic opportunity to make this apartment your new home. Apply Today! Lease Terms - 1 Year Tenants will have the option to provide their own insurance policy BEFORE signing or purchase a provided policy through your resident portal. Failure to provide policy will result in Tenant being added to landlord policy with no belonging coverage. This is NOT optional. Deposit is to be placed within 24 hours after viewing the unit to hold it. Requirements** No evictions in the last 4 years Evictions over 4 years old cannot have a balance over $600.00 No collections with utility companies or management companies No rental history? No problem, At this point your deposit will vary based on credit score If you will have a pet ( cat or dog ) you are required to purchase renters insurance through your tenant portal


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, 509 West Franklin St. is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 509 West Franklin St. has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 509 West Franklin St.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
509 West Franklin St. offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
509 West Franklin St. goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, 509 West Franklin St. receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
509 West Franklin St. is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 509 West Franklin St. does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

509 West Franklin St. is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 1 pet supply store near the property

Social life

  • Areas nearby are accessible by walking
  • 51 restaurants within 1 mile of this property
  • Diverse age groups live in this area
  • A bustling neighborhood

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 509 West Franklin St. compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Outdoor space
Easy access to the outdoors
Pet friendly
This property allows pets

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away
Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in West Central

1-bedroom apartments at 509 West Franklin St. cost about the same as the average rent price for 1-bedroom apartments in West Central.

Median rents as of Jun 20 2026.
West Central
Elkhart
A table of 1-bedroom apartment rental data trends in Elkhart
MonthMedian Rent
July 2024$800
August 2024$781
September 2024$822
October 2024$834
November 2024$812
December 2024$815
January 2025$850
February 2025$837
March 2025$822
April 2025$800
May 2025$854
June 2025$840
July 2025$790
August 2025$778
September 2025$774
October 2025$790
November 2025$800
December 2025$800
January 2026$799
February 2026$793
March 2026$805
April 2026$802
May 2026$792
June 2026$825
A table of 1-bedroom apartment rental data trends in West Central
MonthMedian Rent
July 2024$600
October 2024$595
November 2024$605
December 2024$611
January 2025$660
February 2025$675
August 2025$663
September 2025$687
October 2025$766
November 2025$795
December 2025$750
January 2026$750
February 2026$741
March 2026$746
April 2026$756
May 2026$767
June 2026$750

Affordability calculator

Can I afford to live at 509 W Franklin St?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$30,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $30,000 annually to afford this 1-bedroom monthly rent price of $750.
For more information on rent affordability, visit our rent calculator.

Schools near 509 West Franklin St.

Elkhart Academy

1013 tipton st

elkhart, IN, 46516

K-12Public

Mary Beck Elementary School

818 mcdonald st

elkhart, IN, 46516

PK, K-6Public
C-

South Bend Virtual School

740 north eddy st

south bend, IN, 46617

K-12Public
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Internet available near 509 West Franklin St.

Neighborhood

West Central | Elkhart, IN

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Elkhart near 509 W Franklin St

Walking

5/10
Some shops and stores are within a few minutes.

Driving

6/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 509 W Franklin St, Elkhart

Groceries

5/10
At least one grocery store within a 30-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

5/10
At least one elementary school within a 30-minute walk

High schools

1/10
No high schools within a 30-minute walk

Nightlife

3/10
Few or no bars within walking distance

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